You should ABSOLUTELY take the Nvidia offer over other FAANG. The share price of Nvidia is not speculative hype. It's very reasonable given their growth. This is not some random crypto coin. Nvidia's share price really does reflect economic reality and their position in the market. As an employee there, you'll have the opportunity to purchase shares at a reduced price through their Employee Purchasing Program. Also, any RSUs or options you get will appreciate tremendously. Financially, the best decision here is to work at Nvidia.
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Jensen also seems to be playing the long game and not letting go of that focus. This seems unique to me given that so many companies are hyper focused on the next quarter. I think Nvidia recognizes that there are more things than money (which was one of the things that set Google apart in the early days). Things like free days go a long way (company wide long weekend per quarter). To me the growth is more Nvidia being in the right place at the right time and taking full advantage of every leg up that they have. I don't think speculation because they aren't just celebrating the luck, but rather acting like they are seizing a lucky opportunity are are aware that it requires a lot of work to maintain.
I don't know what the future will bring but the entire rally around AI and especially nvidia is the purest definition of speculation...
I'm highly critical of AI, even being a ML researcher myself. I'm happy to criticize GPT, explain, and collect many downvotes for these views. I say this not to act victim, but to give context for what I'm about to say. AI isn't going away. The hype is likely to die and I think we're seeing the cracks that come from over promising. But just because people are putting a polished turd on top of something doesn't mean that something isn't a golden nugget. Actually, that's my main complaint at what's going on. We got something special and very powerful. It is weird to cover it in shit and try to convince everyone it's a fancy polish.
If scale is all you need, then we'll get there. But I'm not remotely convinced and see this as the bitter lesson's bitter lesson (a misinterpretation of the bitter lesson). But if we fund alternative pathways and hedge our bets, it's possible we get there without missing a step. But imo it looks like we've created a railroad and are just going all in on laying more tracks. Doesn't seem like the right move to me, but hey, I don't know the future any more than anyone else.
> The share price of Nvidia is not speculative hype.
The share price of nvidia will collapse as soon as anyone else releases a competitive datacenter gpu. End of the day GPU compute is fully commoditized. Massive margins in commodity markets dont exist because competition leads to a race to the bottom in pricing. Hard for me to imagine that doesnt happen eventually, but wouldnt be surprised if it took 5 years.
What makes you think GPU compute is acting like a commodity right now? AMD has comparable hardware but nowhere near the same margins or demand for their chips.
CUDA is stopping GPUs from being commoditized today. But how can that last when every big tech company can save billions of dollars by propping up a competitor? Sure intel is incompetent and AMD might not have the software know how but they can work on their open source offering with armies of developers from other companies at their sides.
AMD really isn’t as good at the high end (by quite a decent percentage depending on the tasks) and in perf per watt term they are far ahead.
Even on the gaming side the only thing somewhat saving AMD is their lower prices for traditional game rendering (without the AI utilities on top) ; they don’t even have competitive ray tracing yet.
I don’t what are you on about…
I'm sorry but this must be one of the worst advice imaginable.
The company itself is great, and is making a ton of money. But the share price of Nvidia is absolutely pure speculative hype !
The math - in the past year, during which Nvidia suddenly found itself in a monopoly situation during a huge spike in AI interest (or / and hype), they made 60B$ in revenue (x2 from 2023), and 30B$ in net profit (x10 ! from 2023). Both numbers are huge. But ... the company is valued at 1800 B$ currently. There is this pesky little ratio that is sometimes useful, called price / earning ratio, and it gives a number around 60 here.
So in short - great company, perfect positioning, but way overpriced.